News out today:
Tuesday December 7, 8:59 am Eastern Time
Company Press Release
LMKI Inc. Reports Record First Quarter Sales up 535%
SANTA ANA, Calif.--(BUSINESS WIRE)--Dec. 7, 1999--LMKI Inc. (OTCBB:LMKI - news), a leading broadband communications solutions provider, today announced record sales for the first quarter ended Nov. 30, 1999.
Revenues grew 535% for the first quarter to $1.502 Million, compared to $236,249 for the same period in 1998. Record sales were based primarily on the delivery of LMKI's Zip DSL products through Covad Communications (Nasdaq:COVD - news).
''Given our technologically advanced products and services, and the necessary capital to deliver them internationally, LMKI will become the leader in business class broadband connectivity solutions. We expect to see this accelerated growth continue as we execute our business objectives,'' stated LMKI's chairman and chief executive officer, William J. Kettle.
LMKI recently engaged in agreements providing up to $40 million in funding to be used to execute multiple strategic initiatives including the expansion of its Real Private Network(TM) infrastructure, expanded marketing and advertising efforts, and to deploy enterprise class Application Service Provider (ASP) and e-commerce web hosting solutions.
About LMKI Inc.
LMKI Inc. delivers broadband communications solutions including high-speed Internet access, data, voice and video services over a revolutionary national IP network to a wide spectrum of business customers. Additionally, LMKI Inc. offers application development, network integration and systems management services to businesses worldwide. Through strategic alliances and cost-effective network planning, LMKI Inc. provides unparalleled performance and service.
LMKI Inc.'s competitors in the business class connectivity market include:
Concentric Network Corporation -- CNCX, Exodus Communications, Inc. -- EXDS, PSINet -- PSIX, Globix Corporation -- GBIX, and CAIS Internet, Inc. -- CAIS.
More information regarding LMKI Inc. may be found at their website (http://www.lmki.net) or by sending e-mail to investor@lmki.net. For sales or marketing inquiries, please send email to sales@lmki.net. For investor relations, please contact Barry Turbow at 949/475-4500 or send e-mail to baturbow@lmki.net.
''Safe Harbor'' statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this news release may be considered forward-looking statements could be subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected. These include uncertainties in the market, competition, legal, success of marketing efforts and other risks detailed from time to time in the company's SEC reports. The company assumes no obligation to update the information in this release.
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Contact:
LMKI Inc.
Barry Turbow, 949/475-4500
baturbow@lmki.net
lmki.net
Lazarus
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